Emerging Markets

Burning bright or burned out? The outlook for coal and natural gas markets

This blog is the third in a series of ten blogs on commodity market developments, elaborating on themes discussed in the latest edition of the World Bank’s Commodity Markets Outlook. Earlier blogs can be found here.  Recent developments and outlook: coal Coal prices rose 12 percent in the third ...

Fighting corruption: the importance is crystal clear

© Katie Stevens/Shutterstock My parents didn’t know that the name they chose for me meant “transparent” in Spanish. But they did know the importance of transparency, honesty and integrity, and passed on to me these values when I was growing up in Bulgaria. I hold them dear in my work at t ...

Dollar Comes Back After Yesterday's Profit-Taking

Overview:  Investors are on pins and needles today.  Oil prices are trying to stabilize after WTI's outsized 7% fall yesterday, its largest in three years.  Global equities are heavier, dragged down by energy, but also larger than expected Q3 contractions in Japan and Germany, and a mixed bag ...

Weak Turn-Around Tuesday

Overview:  The US dollar has a heavier bias against most of the major and emerging markets currencies, but the pullback is shallow, and the greenback's underlying strength is still evident.  Asian equities were mixed.  Concern that Apple may be reducing orders weighed on suppliers, but news ...

Corporate tax avoidance in an era of changing firms

It is widely accepted that corporate tax avoidance is commonplace, but experts disagree over the precise amount of tax that corporations successfully avoid. One estimate for 2012 suggests that 50 percent of all foreign income of multinationals is reported in jurisdictions with an effective tax rate ...

A teacher’s $21,000 TFSA looking to spice things up

Andrew Kefalas Age: 55Location: Vancouver, B.C.Total TFSA: $21,000Strategy: A DIY couch potato using ETFs with a penchant for a little tinkering Andrew Kefalas is a 55-year-old teacher and the father of two twin boys, aged four. His wife Angela, 42, is also a teacher who works part-time but is plan ...

DOTS in the Week Ahead: Divergence, Oil, Trade and Stocks

The Federal Reserve's confidence in the economy and its need to continue to gradually increase interest rates stands in sharp contrast to most of the other major central banks.  The European Central Bank will finish its asset purchases at the end of the year, but it is in no position to begin ...

U.S.-China spat underscores value of investing in quality

There was news out last Friday that U.S. President Donald Trump has directed his cabinet to start crafting a new trade agreement with China.1 With my focus on emerging markets, this is welcome news, as the trade dispute between the world’s two largest economies has cast uncertainty over the marke ...

Greenback Marks Time Ahead of FOMC

Overview: The S&P 500's largest advance in three weeks helped extend the recovery in Asia and European equities.  All the equity markets in Asia rallied, led by the Nikkei's 1.8% gain, except for China, were modest losses were recorded.  The MSCI Asia Pacific Index has gained in six of the p ...

Key Takeaways From the U.S. Midterms: What a Split Congress Means for Markets

The U.S. midterm elections played out much as expected, with Democrats picking up the 23 seats (and more) needed to retake the majority in the House of Representatives and Republicans easily defending their majority in the Senate. While divided governments have generally been decent for markets, we ...